DIY giants, B&O are planning to buy 31 stores which are run by rivals Focus. The news has brought threat to the 4,000 Focus employees. It has come to light that around 700 employees from 31 stores would have to apply afresh to the new owner before the branches reopens under the banner of B&O.

As the announcement of the failing to meet the projected profits came in, the shares of the UK’s largest domestic passenger carrier, Flybe, slipped steeply by 25%.

International Airlines Group, the new airline group emerged from the fusion of British Airways and Iberia, the Spanish carrier on Friday declared its first quarter net profit to be 33 million Euros, which during the previous year was in a loss of 243 million Euros.

Admiral, the Cardiff-based group, announced on Friday that the shares of the company have increased by 4% in the first quarter. The company has posted an increment of 33% in the number of vehicles. The net profit was noted at £539million in the first quarter of 2011. The company has claimed that they have 10% of the share in the car insurance market.

With an increasing demand for smartphones and its unbelievable growth in U. S. market, Carphone Warehouse, which is known as Europe's biggest independent mobile phone retailer, has finally raised its profit margins for the third time in last six months.

London fashion outlet AllSaints was sold for an undisclosed sum to private equity firms Lion Capital and Goode Partners. The chain store was put on the market after two nationalized Icelandic banks, Kaupthing and Glitnir, which acquired the business after the collapse of fellow national bank Baugur, were looking to realize their assets.

The National Express has given out its reaction towards the rebellion in form of a shareholder. It has issued a sort of ‘Defense Document’. This is an unforeseen trading statement given out by them towards the problem creator.

The retailer firm ‘Next’ is on a high with the summers riding in full swing. They have received a gush of orders since the weather has become so hostile and hot.

Many economists have claimed that international bank, Lloyds has adopted clever strategies for its recent operations, whereas some of them believe that the bank is heavily exposed to the bad economic situation. The bank experienced a loss of £3.47bn in the first quarter and its shares also fell on the stock exchange.

Using cash and shares, the Central Insurance took over Aberdeen broker, Collins Halden & Burnet in a deal worth £2.6 million. The acquisition according to reports will boost their central’s premium placement into the UK insurance market to £51 million. Also, the firm states that, it places it as one of the top 15 independent brokers in the UK.